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Azerbaijan’s Alco LLC plans increasing lubricants export to Europe

Economy Materials 22 April 2022 16:32 (UTC +04:00)
Azerbaijan’s Alco LLC plans increasing lubricants export to Europe
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 22. Resident of Sumgait Chemical Industrial Park- Alco LLC has started exporting its products to European countries, press service of industrial park told Trend.

The press service noted that at the first stage, the company will send more than 2,000 tons of lubricants and radiator fluid to European countries - Germany, Italy, the UK, Romania and Bulgaria.

"At the next stage, it is planned to increase exports to 10,000 tons," press service said.

Alco LLC was registered in the Sumgait Chemical Industrial Park in 2016. Company's investments amount to $15 million, number of employees is about 100 people. Alco LLC produced 36 tons of products, 30 of which were exported to Turkey, Georgia, Ukraine, Iraq, Lebanon, Poland, Moldova, Turkmenistan in period from 2016 through 2021.

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